HOF TE RODE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HOF TE RODE
Largest movements
- Tangible fixed assets -€43,949
down €43,949 (-2.9%), from €1.5m to €1.5m
of which Land and buildings: -€44,075
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,473
up €4,473 (+24.1%), from €18,585 to €23,058
- Depreciation -€494
down €494 (-1.0%), from €47,197 to €46,702
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,542,567 | €1,512,302 | -€30,265 | -2.0% |
| Fixed assets | 21/28 | €1,518,222 | €1,474,273 | -€43,949 | -2.9% |
| Tangible fixed assets | 22/27 | €1,518,222 | €1,474,273 | -€43,949 | -2.9% |
| Land and buildings | 22 | €1,516,728 | €1,472,652 | -€44,075 | -2.9% |
| Plant, machinery and equipment | 23 | €481 | €291 | -€190 | -39.5% |
| Furniture and vehicles | 24 | €1,013 | €1,329 | +€317 | +31.2% |
| Current assets | 29/58 | €24,345 | €38,029 | +€13,684 | +56.2% |
| Cash at bank and in hand | 54/58 | €23,554 | €37,318 | +€13,764 | +58.4% |
| Deferred charges and accrued income | 490/1 | €791 | €711 | -€80 | -10.1% |
| Total equity and liabilities | 10/49 | €1,542,567 | €1,512,302 | -€30,265 | -2.0% |
| Equity | 10/15 | €509,585 | €487,141 | -€22,444 | -4.4% |
| Contributions | 10/11 | €238,800 | €238,800 | = | 0.0% |
| Capital | 10 | €238,800 | €238,800 | = | 0.0% |
| Issued capital | 100 | €238,800 | €238,800 | = | 0.0% |
| Reserves | 13 | €333,697 | €323,308 | -€10,389 | -3.1% |
| Non-distributable reserves | 130/1 | €23,880 | €23,880 | = | 0.0% |
| Legal reserve | 130 | €23,880 | €23,880 | = | 0.0% |
| Tax-exempt reserves | 132 | €241,826 | €231,438 | -€10,389 | -4.3% |
| Distributable reserves | 133 | €67,990 | €67,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,912 | -€74,967 | -€12,056 | -19.2% |
| Provisions and deferred taxes | 16 | €124,577 | €119,226 | -€5,352 | -4.3% |
| Deferred taxes | 168 | €124,577 | €119,226 | -€5,352 | -4.3% |
| Amounts payable | 17/49 | €908,405 | €905,936 | -€2,469 | -0.3% |
| Amounts payable within one year | 42/48 | €908,405 | €905,936 | -€2,469 | -0.3% |
| Trade debts | 44 | €2,617 | €118 | -€2,499 | -95.5% |
| Suppliers | 440/4 | €2,617 | €118 | -€2,499 | -95.5% |
| Other amounts payable | 47/48 | €905,787 | €905,817 | +€30 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,197 | €46,702 | -€494 | -1.0% |
| Other operating charges | 640/8 | €3,984 | €4,092 | +€108 | +2.7% |
| Gross operating margin | 9900 | €18,585 | €23,058 | +€4,473 | +24.1% |
| Operating profit (loss) | 9901 | -€32,596 | -€27,736 | +€4,860 | +14.9% |
| Financial charges | 65/66B | €59 | €60 | +€2 | +2.6% |
| Recurring financial charges | 65 | €59 | €60 | +€2 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,654 | -€27,796 | +€4,858 | +14.9% |
| Transfer from deferred taxes | 780 | €5,352 | €5,352 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€27,302 | -€22,444 | +€4,858 | +17.8% |
| Transfer from tax-exempt reserves | 789 | €10,389 | €10,389 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,914 | -€12,056 | +€4,858 | +28.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.